I have evolved this managerial decision-making method over my professional experience providing in accounting, auditing and business consulting services.

I would like to elucidate that the methodology I am presenting, is a unique and distinctive method.

The methodology will provide simultaneously more depth to cash flow movements, better clarity, and transparency to the Financial Statements by:

• ·        Applying a table-driven and leveraging sophisticated and advanced Algorithms, and
• ·       Tracking and classifying each JV's transaction through its economic life cycle by identifying the transactions and all its subsequent activities with the period (year) when it was initiated, and
• ·       Validate differences between the time Cash Flow occurs and when Revenues or Expenses are recognized and
• ·       Identifying potential accounting errors and inaccuracy, and
• ·     Compiling and bringing together all accounts (Balance sheet accounts - accruals, Income statement accounts, Financial accounts, Deferred accounts, etc.), and
• ·       Extracting the Statement of Cash Flow by using the Direct Method & the Indirect method, and
• ·       … etc

Numerous additional financial analysis reports can be produced from that application method to address the needs and interests of the Management Team and for the numerous Stakeholders, specifically the Investors, Internal Audit, the Audit assurance, CFO’s, etc.

The accounting profession, worldwide, is currently working hard to ensure that its clients regard the assurance and attestation services they receive as providing added value to their decision-making processes.

My objective is to propose an improvement, rather than a sweeping change, to the century-old, well-established double-entry accounting convention to enhance our understanding of the information it generates. Although it is obvious that we should not attempt to bypass the traditional accounting equation, we should no longer limit ourselves to the traditional analysis of the results it generates.

The statements and related schedules generated by the methodology that I propose provide a wealth of financial information that is ripe for in-depth analyses of a business entity’s results of operations, its solvency and Capital Position.  The results could range from useful recommendations to decision-makers.

I wish to reiterate, that the methodology is going to complement the existing standards and processes by enhancing the understanding of the information they generate and making it more relevant for decision-making purposes.

I hope that these notes (not all-inclusive) have given you a general understanding and a quick glimpse.  I am very confident about the strength, speediness, maturity and the added value for applying the innovative methodology, based on the consistently high value of results, originate new financial ratios and also, I would like to add that the concept is an “end-to-end” procedure.

I am willing and available to provide you any additional information you may need and I am prepared to explain the application methodology in front of experts, particularly if you find that it can benefit the business community and that it responds to the persisting needs of the market.

I look forward to your valuable response and welcome any comments or suggestions you may have.